PRIM UPCOMING DEADLINE: SueWallSt Alerts Primoris Services Corporation Stockholders of Securities Class Action - Contact the Firm
SueWallSt, powered by Levi & Korsinsky LLP, issued a solicitation alerting investors of a class action lawsuit filed against Primoris Services Corporation regarding alleged securities fraud between August 2025 and June 2026. The complaint alleges Primoris issued inflated 2026 guidance in February while failing to disclose cost overruns in renewable projects, leading to a sharp guidance cut in June and a 21.6% drop in share price.
Key figures
- Guidance
- Feb 2026 Adjusted EPS $5.80-$6.00 (reduced June 2026 to $2.05-$2.60); Adjusted EBITDA $560M-$580M (reduced June 2026 to $275M-$325M)
- Stock decline pct
- 21.6
- Stock decline dollar
- 23.39
AI analysis
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